Dual Citizenship has been the holy grail of migrant workers and citizens looking to reap the benefits of the two countries they live in. Many individuals looking to apply for dual citizenship only look at the benefits of the system, but what they don’t know is the added responsibilities and liabilities of serving two countries. In particular, personal income tax becomes a serious issue as you will need to carefully and correctly determine how much you owe to each government, down to the last cent.
If you’re currently living in another country, don’t worry as the US Government only collects taxes from individuals based on their citizenship status and not their location. If you are gainfully employed, your current employer can help you as they are also partly responsible for ensuring that part of your salary goes to the right tax collection agency.
Those currently employed outside of their home country should go ahead and check out their residency and citizenship status. If you’re sure that you don’t owe the US any taxes, then you can go ahead and relax. However, if you find out that you’re required to pay a certain amount to the Internal Revenue Service, the best thing you can do is to consult with your lawyer and with the tax agency to clear up your account. The last thing you want to do is try to hide this fact as the IRS can be very thorough in taking away your assets should you try to evade the rightful payment of your taxes.